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    1. coinfeeds-bot on

      tldr; A long-term Cardano holder lost over $6 million in ADA due to a poorly executed swap in an illiquid trading pool. The user swapped 14.4 million ADA worth $6.9 million for 847,695 USDA stablecoins, incurring a loss of approximately $6.05 million. The transaction highlights the risks of trading in illiquid pools, especially for large orders. The wallet had been inactive since 2020, and it is unclear if the user intended to purchase the USDA stablecoin, which has a small market cap.

      *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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